Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Real estate investments:
Income producing property	$ 552,172	$ 513,918
Held for development	1,180
Construction in progress	26,251	81,082
Gross real estate investments	579,603	595,000
Accumulated depreciation	(120,224)	(116,099)
Net real estate investments	459,379	478,901
Real estate investments held for sale	27,882	8,538
Cash and cash equivalents	31,479	25,883
Restricted cash	4,026	4,224
Accounts receivable, net	20,788	20,548
Construction receivables, including retentions	28,085	19,432
Construction contract costs and estimated earnings in excess of billings	170	272
Other assets	32,192	33,108
Total Assets	604,001	590,906
LIABILITIES AND EQUITY
Indebtedness	363,730	359,229
Debt secured by real estate investments held for sale	17,342
Accounts payable and accrued liabilities	5,649	8,358
Construction payables, including retentions	34,264	42,399
Billings in excess of construction contract costs and estimated earnings	1,206	1,053
Other liabilities	18,942	17,961
Total Liabilities	441,133	429,000
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 25,084,139 and 25,022,701 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	251	250
Additional paid-in capital	51,877	51,472
Distributions in excess of earnings	(53,572)	(54,413)
Accumulated other comprehensive loss	(495)
Total stockholders' deficit	(1,939)	(2,691)
Noncontrolling interests	164,807	164,597
Total Equity	162,868	161,906
Total Liabilities and Equity	$ 604,001	$ 590,906